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Cable Update (GBPUSD)

  • #235,781
  • Jul 6, 2010 4:49am Jul 6, 2010 4:49am
Quoting Dayboy001
That explains a few things we are destined to hate each other I am a lifelong Toffee (Everton Fan)

You can't argue with fate.

Wormboy seriously, it is very daunting to take your first few steps into posting in this forum and all I am saying is you don't make it any easier.

My first prediction which turned out good was met with sarcastic criticism by yourself.



All I ask it that you consider how hard it is for those not as seasoned as yourself. (some of us struggle to post charts)

I am sorry if I offended...
u are new to the forum..and u did post a chart..once asked..wormie i say u consider yur sh*t list..
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  • #235,782
  • Jul 6, 2010 4:51am Jul 6, 2010 4:51am
Quoting Dayboy001
The problem I always have with buying at a good price is to me it's too close to going the other way, like you I would rather miss the best price for what I consider a safer price.
True, often good prices at S/R look great on paper and then the level gets busted and that's why I don't rely on S/R... I know they work, they do, but only half the time.

Your 75 is a decent entry on a lower timescale, your sat on a load of long order fills.

Just for the record I trade 5m only, because I use are large number of contracts I only look for 30-40 pips (typically). I'm not one for holding trades.
"I made all my money by selling too soon"
  • #235,783
  • Jul 6, 2010 4:53am Jul 6, 2010 4:53am
Quoting Bleek
True, often good prices at S/R look great on paper and then the level gets busted and that's why I don't rely on S/R... I know they work, they do, but only half the time.

Your 75 is a decent entry on a lower timescale, your sat on a load of long order fills.

Just for the record I trade 5m only, because I use are large number of contracts I only look for 30-40 pips (typically). I'm not one for holding trades.
Hey I consider closing a trade if it gets close to the New York open.
  • #235,784
  • Jul 6, 2010 4:54am Jul 6, 2010 4:54am
something is keeping this baby up..its looking like another attempt at the top..4hr is bullish ..
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  • #235,785
  • Jul 6, 2010 5:23am Jul 6, 2010 5:23am
As far as I can see, a good long-entry in r/r terms could lye around 1,5145 near DPP, pulling back to broken UTL

H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #235,786
  • Jul 6, 2010 5:27am Jul 6, 2010 5:27am
interesting PA at the magic fibo..
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  • #235,787
  • Jul 6, 2010 5:33am Jul 6, 2010 5:33am
Looks like its going to be a range bound choppy rest of the day
  • #235,788
  • Jul 6, 2010 5:39am Jul 6, 2010 5:39am
My 5 min, gave me a false short signal.......
  • #235,789
  • Jul 6, 2010 5:40am Jul 6, 2010 5:40am
Quoting Dayboy001
Attachment

Long as said @ 1.5175 (close to my T1 Long)
If retraces to 1.5156 I will reload again
SL @ 1.5128 (Just below my Short Level)

Due to the strength of 1.52 area I will take 1/2 off and move everything to B/E

I hope this clears a few things up

Let the ridicule begin

I shoud also mention I currently have 1 trade open from 1.5157 already with half taken off and SL already moved to B/E

Half taken off. SL moved to B/E

I now have two half trades
1 SL B/E @ 1.5158
1 SL B/E @ 1.5175

Let the house money roll
  • #235,790
  • Jul 6, 2010 5:45am Jul 6, 2010 5:45am
Quoting kribby
My 5 min, gave me a false short signal.......
I didn't see a short signal on the 5m?
"I made all my money by selling too soon"
  • #235,791
  • Jul 6, 2010 6:01am Jul 6, 2010 6:01am
Quoting fxoxford
1.5273 here we come. getting to 1.5300 shouldn't be a problem. good luck to all.
im still long with some serious money on the table, t/p still at 1.5273. lets see if we can get this train heading north again. good luck to all
  • #235,792
  • Jul 6, 2010 6:15am Jul 6, 2010 6:15am
Is this bull Flag?

Correct me if wrong..not expert using trendline
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  • #235,793
  • Jul 6, 2010 6:22am Jul 6, 2010 6:22am
Quoting peach
Looks like its going to be a range bound choppy rest of the day
Isnt there some news coming up today?
  • #235,794
  • Jul 6, 2010 6:25am Jul 6, 2010 6:25am
Quoting OldReigatian
Isnt there some news coming up today?
ISM Non Manufacturing PMI at 15.00pm GMT
  • #235,795
  • Jul 6, 2010 6:25am Jul 6, 2010 6:25am
Quoting OldReigatian
Isnt there some news coming up today?
US news at 15-00 BST; nothing at 13-30.
  • #235,796
  • Jul 6, 2010 6:30am Jul 6, 2010 6:30am
Quoting Indyfx
ISM Non Manufacturing PMI at 15.00pm GMT
Thought so, that should stir a bit of action. Sure we will see a spike up to 1.5220 - 1.5240 area and then we can start loading into those shorts.
  • #235,797
  • Jul 6, 2010 6:40am Jul 6, 2010 6:40am
Forgot about that. PMI number

Quoting OldReigatian
Isnt there some news coming up today?
  • #235,798
  • Jul 6, 2010 6:59am Jul 6, 2010 6:59am
Be prepared if go up may GBP/USD touch 1.52678

I prefer buy for this pair awaiting PMI manufacturing news
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study of behavior and mind,conscious and unconscious
  • #235,799
  • Jul 6, 2010 7:02am Jul 6, 2010 7:02am
As I said earlier it could break south for scalp from here, just shy of 59-60 down to 22-24, decent enough scalp really if you let the market take you in and don't buy early. We're also sat on the London open price.
"I made all my money by selling too soon"
  • #235,800
  • Jul 6, 2010 7:17am Jul 6, 2010 7:17am
Quoting Bleek
As I said earlier it could break south for scalp from here, just shy of 59-60 down to 22-24, decent enough scalp really if you let the market take you in and don't buy early. We're also sat on the London open price.

Yeah...but PMI manufacturing always rocks pound
study of behavior and mind,conscious and unconscious
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